Obermeyer Wealth Partners
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Obermeyer Wealth Partners reported 276 stock positions worth $2.0 billion. Its top holding was Microsoft (MSFT) at 5.3% of the portfolio, followed by iShares MSCI USA Quality Fac (QUAL, 5.0%) and Berkshire Hathaway Class B (BRK.B, 4.9%). Compared with Q1 2025, it opened 28 new positions, sold out of 12, added to 110 and reduced 90. The biggest buy was a new position in iShares MSCI World ETF (URTH) and the biggest sale Vaneck Morningstar Wide Moat (MOAT, shares −70%).
- Most Recent 13F
- Q2 2026
- Location
- ASPEN, CO
- CIK
- 0001349654
- Portfolio Value
- $2.0B (Q2 2025)
- SEC Filing
- 0001085146-25-004535 ↗ filed Aug 5, 2025
Holdings Value
Holdings 276 stocks · $2.0B
| MSFT Microsoft Corp. | 5.27% | 212,633 | $105.8M | Add +0.0% |
| QUAL iShares MSCI USA Quality Fac | 5.02% | 551,170 | $100.8M | Add +1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.92% | 203,367 | $98.8M | Reduce -13.8% |
| VOO Vanguard S&P 500 ETF | 4.31% | 152,519 | $86.6M | Add +1.9% |
| GOOG Alphabet Inc. Class C | 3.52% | 398,683 | $70.7M | Reduce -0.8% |
| AMZN Amazon.com Inc. | 3.50% | 320,165 | $70.2M | Add +18.9% |
| AAPL Apple Inc. | 3.48% | 340,447 | $69.8M | Reduce -5.1% |
| MA Mastercard Inc. Class A | 3.44% | 122,918 | $69.1M | Reduce -1.6% |
| JAAA Janus Henderson Aaa Clo ETF | 3.15% | 1,246,410 | $63.3M | Add +1.5% |
| TSM Taiwan Semiconductor-SP ADR | 3.03% | 269,109 | $61.0M | Add +0.1% |
| META Meta Platforms Inc. Class A | 2.89% | 78,587 | $58.0M | Reduce -0.8% |
| URTH iShares MSCI World ETF | 2.88% | 341,698 | $57.9M | New |
| NVDA Nvidia Corp. | 2.86% | 363,226 | $57.4M | Add +9.8% |
| AVGO Broadcom Inc. | 2.79% | 203,070 | $56.0M | Reduce -2.5% |
| TBIL F/M US Treasury 3 Month Bill | 2.41% | 968,882 | $48.4M | Add +4.2% |
| RTX RTX Corp. | 1.99% | 274,242 | $40.0M | Reduce -1.6% |
| AON Aon PLC Class A | 1.82% | 102,502 | $36.6M | Reduce -2.3% |
| ASML ASML Holding NV-NY Reg SHS | 1.77% | 44,304 | $35.5M | Reduce -1.1% |
| WMT Walmart Inc. | 1.77% | 362,879 | $35.5M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 1.76% | 113,337 | $35.4M | Add +49.3% |
| SAP Sap SE-Sponsored ADR | 1.64% | 108,284 | $32.9M | Add +1.5% |
| HD Home Depot Inc. | 1.63% | 89,047 | $32.6M | Reduce -0.4% |
| VTI VG Morningstar TS MKT ETF-US | 1.57% | 104,041 | $31.6M | Reduce -1.0% |
| CME Cme Group Inc. | 1.52% | 110,694 | $30.5M | Reduce -0.8% |
| NVR NVR Inc. | 1.50% | 4,080 | $30.1M | Reduce -1.4% |
| DE Deere & Co. | 1.37% | 54,301 | $27.6M | Reduce -1.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.35% | 393,332 | $27.1M | Add +188.8% |
| BN Brookfield Corp. | 1.32% | 428,018 | $26.5M | Reduce -0.3% |
| SHW The Sherwin-Williams Co. | 1.26% | 73,874 | $25.4M | Add +0.0% |
| TXN Texas Instruments Inc. | 1.26% | 121,514 | $25.2M | Add +0.4% |
| MOAT Vaneck Morningstar Wide Moat | 1.24% | 266,054 | $25.0M | Reduce -69.8% |
| CB Chubb Ltd. | 1.21% | 83,565 | $24.2M | Reduce -0.3% |
| QQQ Invesco QQQ Trust Series 1 | 1.07% | 38,988 | $21.5M | Add +4.3% |
| PG The Procter & Gamble Co. | 1.04% | 130,585 | $20.8M | Reduce -1.7% |
| NEE Nextera Energy Inc. | 1.02% | 296,416 | $20.6M | Add +0.3% |
| ZTS Zoetis Inc. | 1.00% | 129,033 | $20.1M | Add +6578.7% |
| XOM Exxon Mobil Corp. | 0.93% | 172,813 | $18.6M | Reduce -1.5% |
| CMCSA Comcast Corp. Class A | 0.85% | 476,469 | $17.0M | Reduce -2.8% |
| LMBS First Trust Low Duration Opp | 0.73% | 299,341 | $14.7M | Add +0.1% |
| LLY Eli Lilly & Co. | 0.63% | 16,301 | $12.7M | Reduce -2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.60% | 19,519 | $12.1M | Add +13.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.54% | 15 | $10.9M | Reduce -21.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.51% | 128,762 | $10.2M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 0.49% | 34,253 | $9.9M | Add +3.1% |
| VEA Vanguard Ftse Developed ETF | 0.49% | 171,200 | $9.8M | Add +8.2% |
| V Visa Inc. Class A | 0.42% | 24,006 | $8.5M | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 0.32% | 35,927 | $6.3M | Reduce -15.7% |
| USB US Bancorp | 0.27% | 121,150 | $5.5M | New |
| SPSM SS SPDR P S&P 600 Small Cap | 0.22% | 104,242 | $4.4M | Reduce -83.8% |
| LOW Lowe's Cos Inc. | 0.21% | 18,599 | $4.1M | Reduce -1.6% |
| GLD SPDR Gold Shares | 0.20% | 13,158 | $4.0M | Add +13.1% |
| ARCC Ares Capital Corp. | 0.19% | 169,856 | $3.7M | Add +3.3% |
| ETN Eaton Corp. PLC | 0.17% | 9,518 | $3.4M | Reduce -11.1% |
| MSI Motorola Solutions Inc. | 0.17% | 8,073 | $3.4M | Add +261.1% |
| ACN Accenture PLC Class A | 0.17% | 11,087 | $3.3M | Add +10.7% |
| COST Costco Wholesale Corp. | 0.16% | 3,265 | $3.2M | Add +3.7% |
| IEV iShares Europe ETF | 0.16% | 50,000 | $3.2M | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.15% | 10,489 | $3.0M | No change |
| WM Waste Management Inc. | 0.15% | 12,900 | $3.0M | Reduce -6.7% |
| IVV iShares Core S&P 500 ETF | 0.13% | 4,346 | $2.7M | Add +11.8% |
| ATO Atmos Energy Corp. | 0.13% | 16,553 | $2.6M | Add +16.7% |
| CTVA Corteva Inc. | 0.13% | 34,002 | $2.5M | Add +50.5% |
| VYM Vanguard High DVD Yield ETF | 0.12% | 18,561 | $2.5M | Reduce -7.1% |
| SHEL Shell PLC-ADR | 0.12% | 34,514 | $2.4M | Add +76.7% |
| WSO Watsco Inc. | 0.12% | 5,484 | $2.4M | Add +0.8% |
| JNJ Johnson & Johnson | 0.12% | 15,808 | $2.4M | Reduce -88.2% |
| IWF iShares Russell 1000 Growth | 0.12% | 5,573 | $2.4M | Add +56.3% |
| OBDC Blue Owl Capital Corp. | 0.12% | 164,270 | $2.4M | Add +13.8% |
| ADI Analog Devices Inc. | 0.12% | 9,870 | $2.3M | Reduce -3.1% |
| ORCL Oracle Corp. | 0.12% | 10,654 | $2.3M | Reduce -1.6% |
| CNQ Canadian Natural Resources | 0.11% | 71,475 | $2.2M | Add +0.3% |
| UNP Union Pacific Corp. | 0.11% | 9,565 | $2.2M | Reduce -3.7% |
| ABBV Abbvie Inc. | 0.11% | 11,803 | $2.2M | Reduce -50.4% |
| MCD McDonald's Corp. | 0.11% | 7,303 | $2.1M | Reduce -0.7% |
| KO The Coca-Cola Co. | 0.10% | 29,707 | $2.1M | Add +0.0% |
| OWL Blue Owl Capital Inc. | 0.10% | 108,797 | $2.1M | Add +0.3% |
| SPGI S&P Global Inc. | 0.10% | 3,766 | $2.0M | Add +1.6% |
| AXP American Express Co. | 0.10% | 6,185 | $2.0M | Add +1.3% |
| IJR iShares Core S&P Small-Cap E | 0.10% | 17,916 | $2.0M | Reduce -3.2% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.10% | 59,965 | $2.0M | No change |
| ABT Abbott Laboratories | 0.10% | 14,053 | $1.9M | Add +1.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.09% | 14,383 | $1.8M | Reduce -2.1% |
| BTI British American Tob-SP ADR | 0.09% | 37,500 | $1.8M | Reduce -0.1% |
| MPLX MPLX LP | 0.09% | 34,199 | $1.8M | Reduce -2.8% |
| DD Dupont DE Nemours Inc. | 0.09% | 25,159 | $1.7M | Add +73.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.07% | 11,577 | $1.4M | Add +2.8% |
| CRM Salesforce Inc. | 0.07% | 4,971 | $1.4M | Add +5.8% |
| EEM iShares MSCI Emerging Market | 0.07% | 27,559 | $1.3M | No change |
| EPD Enterprise Products Partners | 0.07% | 42,772 | $1.3M | Reduce -34.9% |
| AMGN Amgen Inc. | 0.06% | 4,651 | $1.3M | Add +2.7% |
| PBR.A Petroleo Brasil-SP Pref ADR | 0.06% | 110,702 | $1.3M | Add +31.4% |
| IDXX Idexx Laboratories Inc. | 0.06% | 2,277 | $1.2M | Reduce -4.6% |
| EMR Emerson Electric Co. | 0.06% | 8,984 | $1.2M | Add +2.3% |
| AER Aercap Holdings NV | 0.06% | 10,000 | $1.2M | No change |
| SYK Stryker Corp. | 0.06% | 2,900 | $1.1M | Add +0.1% |
| AMAT Applied Materials Inc. | 0.06% | 6,225 | $1.1M | Reduce -11.3% |
| MDY State Street SPDR S&P Midcap | 0.06% | 1,969 | $1.1M | Add +75.0% |
| ETV Eaton Vance T/M Buy-Writ Opp | 0.06% | 80,280 | $1.1M | Add +6.6% |
| RSP Invesco S&P 500 Equal Weight | 0.06% | 6,119 | $1.1M | Add +9.0% |
| ET Energy Transfer LP | 0.06% | 61,077 | $1.1M | Add +0.7% |
Options reported separately and not counted above: NN calls ($119K), SPY puts ($10K), QQQ puts ($9K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $209K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 172 | $209K | No change |
Total filed on the 13F, all lines: $2.0B.
Portfolio Sells Q1 2025 → Q2 2025
| MOAT Vaneck Morningstar Wide Moat | Reduce -69.8% | 1.24% | −2.90 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.8% | 4.92% | −1.79 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -83.8% | 0.22% | −1.18 |
| JNJ Johnson & Johnson | Reduce -88.2% | 0.12% | −1.07 |
| AAPL Apple Inc. | Reduce -5.1% | 3.48% | −0.77 |
| MRK Merck & Co. Inc. | Reduce -93.9% | 0.04% | −0.73 |
| AON Aon PLC Class A | Reduce -2.3% | 1.82% | −0.41 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -21.1% | 0.54% | −0.27 |
| MA Mastercard Inc. Class A | Reduce -1.6% | 3.44% | −0.21 |
| XOM Exxon Mobil Corp. | Reduce -1.5% | 0.93% | −0.19 |
| PG The Procter & Gamble Co. | Reduce -1.7% | 1.04% | −0.17 |
| ABBV Abbvie Inc. | Reduce -50.4% | 0.11% | −0.16 |
| CB Chubb Ltd. | Reduce -0.3% | 1.21% | −0.15 |
| HD Home Depot Inc. | Reduce -0.4% | 1.63% | −0.12 |
| CMCSA Comcast Corp. Class A | Reduce -2.8% | 0.85% | −0.12 |
| LLY Eli Lilly & Co. | Reduce -2.4% | 0.63% | −0.10 |
| NVR NVR Inc. | Reduce -1.4% | 1.50% | −0.10 |
| SYY Sysco Corp. | Reduce -78.5% | 0.02% | −0.08 |
| CME Cme Group Inc. | Reduce -0.8% | 1.52% | −0.06 |
| EPD Enterprise Products Partners | Reduce -34.9% | 0.07% | −0.05 |
| NOMD Nomad Foods Ltd. | Sold out | 0.00% | −0.05 |
| LYB Lyondellbasell Indu Class A | Sold out | 0.00% | −0.05 |
| WPC WP Carey Inc. | Sold out | 0.00% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -15.7% | 0.32% | −0.04 |
| V Visa Inc. Class A | Reduce -2.5% | 0.42% | −0.04 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.5% | 0.51% | −0.04 |
| LOW Lowe's Cos Inc. | Reduce -1.6% | 0.21% | −0.03 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −0.03 |
| WM Waste Management Inc. | Reduce -6.7% | 0.15% | −0.02 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.02 |
| CVX Chevron Corp. | Reduce -11.1% | 0.04% | −0.02 |
| MCD McDonald's Corp. | Reduce -0.7% | 0.11% | −0.02 |
| DKNG Draftkings Inc. Class A | Sold out | 0.00% | −0.02 |
| UNP Union Pacific Corp. | Reduce -3.7% | 0.11% | −0.02 |
| BROS Dutch Bros Inc. Class A | Sold out | 0.00% | −0.02 |
| VYM Vanguard High DVD Yield ETF | Reduce -7.1% | 0.12% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -4.3% | 0.03% | −0.01 |
| MPLX MPLX LP | Reduce -2.8% | 0.09% | −0.01 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.01 |
| SCHA Schwab US Small-Cap ETF | Sold out | 0.00% | −0.01 |
| HDV iShares Core High Dividend E | Sold out | 0.00% | −0.01 |
| SJM The JM Smucker Co. | Sold out | 0.00% | −0.01 |
| VXUS Vanguard Total Intl Stock | Sold out | 0.00% | −0.01 |
| PFE Pfizer Inc. | Reduce -11.1% | 0.04% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -26.9% | 0.02% | −0.01 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -5.9% | 0.03% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -17.2% | 0.05% | −0.01 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.9% | 0.02% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.2% | 0.10% | −0.01 |
| WEC WEC Energy Group Inc. | Reduce -1.0% | 0.04% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| URTH iShares MSCI World ETF | New | 2.88% | +2.88 |
| MSFT Microsoft Corp. | Add +0.0% | 5.27% | +1.01 |
| ZTS Zoetis Inc. | Add +6578.7% | 1.00% | +0.98 |
| NVDA Nvidia Corp. | Add +9.8% | 2.86% | +0.94 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +188.8% | 1.35% | +0.85 |
| AMZN Amazon.com Inc. | Add +18.9% | 3.50% | +0.76 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.1% | 3.03% | +0.65 |
| USB US Bancorp | New | 0.27% | +0.27 |
| VOO Vanguard S&P 500 ETF | Add +1.9% | 4.31% | +0.21 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.3% | 1.07% | +0.14 |
| MSI Motorola Solutions Inc. | Add +261.1% | 0.17% | +0.12 |
| SAP Sap SE-Sponsored ADR | Add +1.5% | 1.64% | +0.11 |
| TXN Texas Instruments Inc. | Add +0.4% | 1.26% | +0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +13.1% | 0.60% | +0.09 |
| JPM JPMorgan Chase & Co. | Add +3.1% | 0.49% | +0.06 |
| VEA Vanguard Ftse Developed ETF | Add +8.2% | 0.49% | +0.06 |
| QUAL iShares MSCI USA Quality Fac | Add +1.2% | 5.02% | +0.05 |
| CTVA Corteva Inc. | Add +50.5% | 0.13% | +0.05 |
| IWF iShares Russell 1000 Growth | Add +56.3% | 0.12% | +0.05 |
| SHEL Shell PLC-ADR | Add +76.7% | 0.12% | +0.04 |
| HERD Pacer Cash Cows Fund of Fund | New | 0.04% | +0.04 |
| DD Dupont DE Nemours Inc. | Add +73.6% | 0.09% | +0.03 |
| SCHV Schwab US Large-Cap Value | New | 0.03% | +0.03 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.03% | +0.03 |
| IEF iShares 7-10 Year Treasury B | New | 0.02% | +0.02 |
| MDY State Street SPDR S&P Midcap | Add +75.0% | 0.06% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +66.1% | 0.05% | +0.02 |
| GLD SPDR Gold Shares | Add +13.1% | 0.20% | +0.02 |
| SCHX Schwab US Large-Cap ETF | New | 0.02% | +0.02 |
| ARES Ares Management Corp. Class A | New | 0.02% | +0.02 |
| FIVE Five Below | New | 0.02% | +0.02 |
| CP Canadian Pacific Kansas City | New | 0.02% | +0.02 |
| IEI iShares 3-7 Year Treasury Bo | New | 0.02% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +11.8% | 0.13% | +0.02 |
| IBM Intl Business Machines Corp. | Add +37.2% | 0.05% | +0.02 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.01% | +0.01 |
| NFLX Netflix Inc. | Add +2.2% | 0.05% | +0.01 |
| XLG Invesco S&P 500 Top 50 ETF | New | 0.01% | +0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.01% | +0.01 |
| MUB iShares National Muni Bond E | Add +111.7% | 0.03% | +0.01 |
| PRF Invesco Rafi US 1000 ETF | New | 0.01% | +0.01 |
| SHLD Global X Defense Tech ETF | New | 0.01% | +0.01 |
| INDY iShares India 50 ETF | New | 0.01% | +0.01 |
| DLN Wisdomtree US Largecap Divid | New | 0.01% | +0.01 |
| KMI Kinder Morgan Inc. | New | 0.01% | +0.01 |
| KKR KKR & Co. Inc. | Add +34.1% | 0.04% | +0.01 |
| CMI Cummins Inc. | New | 0.01% | +0.01 |
| GEV GE Vernova Inc. | New | 0.01% | +0.01 |
| IDEV iShares Core MSCI Dev MKTS | New | 0.01% | +0.01 |
| XLY SS Consumer Disc Select Sect | New | 0.01% | +0.01 |
Options Activity Q1 2025 → Q2 2025
| NN Nextnav Inc. | call | Reduce -7.8% | 16,500 | $119K |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 3,500 | $10K |
| QQQ Invesco QQQ Trust Series 1 | put | New | 2,500 | $9K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 299 | $2.4B | VTI, GOOG, TSM, VOO, VXUS |
| Q1 2026 | 297 | $2.2B | VTI, GOOG, VOO, QUAL, TSM |
| Q4 2025 | 287 | $2.2B | GOOG, QUAL, MSFT, VOO, AAPL |
| Q3 2025 | 292 | $2.1B | MSFT, QUAL, GOOG, VOO, AAPL |
| Q2 2025 | 276 | $2.0B | MSFT, QUAL, BRK.B, VOO, GOOG |
| Q1 2025 | 260 | $1.9B | BRK.B, QUAL, MSFT, AAPL, MOAT |
| Q4 2024 | 256 | $1.9B | BRK.B, QUAL, AAPL, MSFT, MOAT |
| Q3 2024 | 257 | $1.9B | BRK.B, QUAL, MSFT, AAPL, MOAT |
| Q2 2024 | 244 | $1.7B | QUAL, BRK.B, MSFT, AAPL, GOOG |
| Q1 2024 | 249 | $1.7B | BRK.B, QUAL, MSFT, GOOG, MOAT |